Oyster Bay, New York - 18 Mar 2015
NXP, Infineon, and STMicroelectronics finish in the top three positions in ABI Research’s latest payment & banking card secure IC technologies competitive assessment. This competitive assessment provides a rating of the leading IC vendors active within the payment cards. A total of five companies were scrutinized against 10 different criteria all under the categories of Implementation and Innovation.
Infineon achieves the highest cumulative Innovation score, driven by a strong NFC product portfolio, additional layers of security via its Integrity Guard solution and via its “Coil on Module” technology designed to breakdown contactless market barriers for SMBs. NXP and Inside Secure round up the second and third place Innovation rankings due to strong multi-application capabilities leveraging existing protocols and a deep embedded security strategy, respectively.
NXP tops the Implementation score, ahead of Infineon and STMicroelectronics. NXP continues its market share leading presence for 1H 2014, serving the market with a broad portfolio of products addressing both card and embedded solutions. Infineon and STMicroelectronics achieve the second and third highest cumulative marks; Infineon building upon an already strong global reach and penetration and STMicroelectronics via an established market presence, recently expanding with design wins in mature payment markets including Japan and the United States.
Senior Analyst Phil Sealy comments: “With all eyes focused on next generation mobile payment enablement, innovative products paired with a flexible approach are increasingly important factors within the payments market. Although mobile payments is by no means a new concept, Apple Pay has arguably been the initiating factor in bringing it to the forefront of the consumer mind. Having a broad and innovative portfolio to address the diverse form-factor requirements of service providers in a ubiquitous approach will ensure that service provider strategies will be realized and large scale commercial deployments can finally make their way to the end users. The security side of the mobile payments market is still shifting and evolving, making strategy and product flexibility of paramount importance. Vendors need to remain one step ahead to address the current and future markets, not just in terms of security, but also device type support, form-factors, standardization, and certification.”
These findings are part of ABI Research’s Secure ICs Market Research.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
Asia: +65 6950.5670